ICT service exports in Lao People's Democratic Republic
Lao People's Democratic Republic: ICT service exports was 3.5% in 2024. ◆ Volatile
ICT service exports in Lao People's Democratic Republic, 1991–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, ict service exports in Lao People's Democratic Republic stood at 3.5%.
Compared with earlier readings it is down 53.6% on the previous year and down 30.5% over ten years.
Over the whole period, ict service exports in Lao People's Democratic Republic peaked at 33.0% in 2021 and was at its lowest, 0.9%, in 1994.
That places Lao People's Democratic Republic 116th out of 189 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports in Lao People's Democratic Republic, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1991 | 2.6% | — |
| 1992 | 18.9% | +616.2% |
| 1993 | 2.3% | -87.8% |
| 1994 | 0.9% | -61.6% |
| 2001 | 5.0% | +459.2% |
| 2002 | 5.0% | -0.1% |
| 2003 | 4.3% | -14.1% |
| 2004 | 2.8% | -34.0% |
| 2005 | 2.9% | +1.6% |
| 2006 | 2.7% | -4.0% |
| 2007 | 6.2% | +125.3% |
| 2008 | 6.9% | +11.7% |
| 2009 | 7.3% | +4.9% |
| 2010 | 5.3% | -26.5% |
| 2011 | 5.6% | +5.8% |
| 2012 | 5.3% | -5.4% |
| 2013 | 5.0% | -6.1% |
| 2014 | 5.0% | +0.6% |
| 2015 | 4.1% | -19.5% |
| 2016 | 3.5% | -12.8% |
| 2017 | 3.1% | -13.1% |
| 2018 | 2.6% | -14.2% |
| 2019 | 2.8% | +7.2% |
| 2020 | 10.8% | +279.8% |
| 2021 | 33.0% | +207.2% |
| 2022 | 5.5% | -83.3% |
| 2023 | 7.6% | +37.3% |
| 2024 | 3.5% | -53.6% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 3.5% is below the median for lower middle income countries, which is 4.6%, 76% of the median. (47 countries reporting)
- Lao People's Democratic Republic's 3.5% is above the median for East Asia & Pacific, which is 3.5%, 1.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where ICT service exports in Lao People's Democratic Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +616.2% | 2.6% | 18.9% |
| 2001 | +459.2% | 0.9% | 5.0% |
| 2020 | +279.8% | 2.8% | 10.8% |
| 2021 | +207.2% | 10.8% | 33.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.2% | 0.9% | 18.9% | 4 |
| 2000s | 4.8% | 2.7% | 7.3% | 9 |
| 2010s | 4.3% | 2.6% | 5.6% | 10 |
| 2020s | 12.1% | 3.5% | 33.0% | 5 |
Countries ranked near Lao People's Democratic Republic
- 113 Botswana 3.8% compare
- 114 Saudi Arabia 3.6% compare
- 115 Curaçao 3.5% compare
- 117 Luxembourg 3.4% compare
- 118 Australia 3.4% compare
- 119 Trinidad and Tobago 3.3% compare
More economy & growth data for Lao People's Democratic Republic
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.39 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6,670 BoP, current US$ (2022)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2022)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0009 BoP, current US$ per person (2022)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 988.46 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -44.51 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0599 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 127.22 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is ict service exports in Lao People's Democratic Republic?
- Ict service exports in Lao People's Democratic Republic was 3.5% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Lao People's Democratic Republic?
- The highest recorded value was 33.0% in 2021.
- What is the lowest ict service exports recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.9% in 1994.
- How does Lao People's Democratic Republic rank for ict service exports?
- Lao People's Democratic Republic ranks 116th out of 189 countries with data for 2024.
- Is ict service exports rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 30.5%. The long-run trend across the full record is volatile.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).